The Al Widyan Project: An Overview
Al Widyan is a fully integrated, mixed-use development project that will be split into 12 districts. As well as its blend of urban, commercial, residential and leisure elements, the $2.7 billion project in Riyadh’s northern growth corridor will also devote more than 50% of its land area to open spaces, all anchored by a large Central Park formed around Al Widyan’s natural wadis. To enhance the eco-friendly aspects of the project, the development will be largely walkable as its targeted audience of young families, creatives, entrepreneurs and investors are drawn to its entertainment, retail and education facilities as well as its offices and mix of 20,000 high and low-rise housing units. Al Widyan also aims to be the host of the world’s largest shopping and entertainment development at a cost of $5 billion. This ambitious project will include a major shopping centre, large-scale theme parks, water parks, recreational facilities, endless dining options and the most state of the art artificial intelligence technologies.
Al Widyan: Real Estate Investment Potential
Given the size and diversity of the Al Widyan development project it is no wonder that it is one of the most talked about real estate investments in Saudi Arabia. Inspired by the principles of wellness and quality of life, Al Widyan will set new standards in the arena of community living, thereby inspiring the entire Kingdom of Saudi Arabia and reflecting the spirit of national transformation. Its focus on the right work/life balance will certainly appeal to prospective residents, tenants and visitors, which in turn will increase its overall value to potential real estate and luxury property investors from Saudi Arabia, the Middle East and beyond. From its strategic location, it will give residents access to an immense array of amenities, superior technology and a world-class infrastructure, all alongside the current and future features of the dynamic city of Riyadh. As a fully connected community, Al Widyan will also be home to thousands of accommodations from hotel rooms in five-star resorts to internationally renowned branded residences, private villas to luxury properties such as penthouses and townhouses. All of these represent multiple real estate investment options for small to large-scale investors with endless possibilities to suit any budget or portfolio size. Since the project is being spearheaded by Al Widyan Co, a joint stock company 100% owned by one of the Kingdom’s largest publicly listed real estate specialists, Al Akaria Saudi Rea Estate Co (SRECO), investors can be confident of the best quality results from conception to purchase and long-term, stable growth.
If you would like to find out more about Al Widyan, luxury property in Riyadh or other real estate investment opportunities, get in touch with one of our consultants at Saudi Arabia Sotheby’s International Realty today.